Republican presidents have raised the debt ceiling 49 times, while Democratic presidents have raised it only 30 times. Can you guess which president raised the debt ceiling the most? Bloomberg’s Hans Nichols breaks down the numbers that make up the debt ceiling and looks at how many times it has been raised through the years.
With only four days left until the United States tumbles over the “Fiscal Cliff,” many Americans are wondering what exactly this might mean for them and their budgets. Hopes are beginning to wane that lawmakers in Washington will be able to hammer out a last-minute compromise to avert the cliff. In the meantime, the rhetoric […]
Frustrated by the impending fiscal cliff and the continuing silence of the GOP leadership, Senate Majority Leader Harry Reid (D-NV) indicated today that he did not think there was enough time to avoid automatic spending cuts and tax increases unless House Republicans approved a Senate bill that would preserve existing tax rates on income under $250,000. […]
Anti-tax advocate Grover Norquist warned the panelists on Sunday’s Meet The Press that the regulation and taxes which are part of President Barack Obama’s health care reform legislation are due to be implemented in Obama’s second term. In combination with the tax increases he is seeking as a resolution to the fiscal cliff, Norquist said […]
Fox News falsely accuses Obama of wanting to change the Constitution with host Steve Doocy misrepresented Pres. Obama’s proposal to avoid the chance of a federal government default on its financial obligations. Doocey interviewed Republican Senator John Thune on the December 7 edition of Fox and Friends and stated that he thought a fight between […]